The strategy development process includes six steps and answers six critical questions:
Step 1: Mission of the Business
Key Questions: What is the mission of the business?
Step 2: Business Analysis
Key Questions: What are our unique strengths and weakness?
Step 3: Industry Analysis
Key Questions: What are opportunities and threats?
Step 4: Vision
Key Questions: Where are we going? Where to play?
Step 5: Strategic Choices
Key Questions: How will we get there? How to win?
Step 6: Execution Plan
Key Questions: What actions do we need to take to realize our plan?